944 W 18TH Street
Chicago, IL 60608
Listing provided courtesy of: Keller Williams ONEChicago
Property Description
Price reduced 50k Best location for an appreciation play of the 3 flats on market this Summer. This is a great live-in location meanwhile while you collect rents, and expect the massive development adjacent that could guide you to much higher appreciation than the other options further away from this excellent locaiton. There is great rent potential here also. As you update (add WD to units) the market will reward you. The pool of renters and amenities is vast: University Village nest door, the Illinois Medical District 16th and Ashland, UIC, Metra Station at Halsted, Quick jump to Roosevelt Cooridor . You will fill units quickly for rent and higher rents are possible as you update the units. This stretch of 18th rolls into the Pilsen dining, cafe, nightlife as you head west on 18th. The building is a brick beauty and comes with a promise of commercial Potential(Zoned C1-2) to fit an entrepreneur up on a dream track to have client based/retail commercial success. The current three residential units on 2nd, 3rd, 4th levels are updated to average rental quality and fully occupied with shorter term leases. Top unit is 3 bed, other two are 2 bed units. The Garden level offers finished space also with kitchenette and bath and offers additional income. Rents could exceed 8500 with strategic updates. Rents now are month to month and below market. If you added laundry and a few key attributes to units rents could exceed reach $2500 a month at todays' prices. Newer parking pad(2 car). Forced air heat in units (3 units in building Garden and 1st share). Common laundry in rear garden level is in place. There is amazing potential for city views ( add more windows on East Wall!). This is also the Perfect location for condo conversion to exit at a premium price to exit at max sellouts. This is your chance to own an amazing location in Pilsen with income. Every hour and dollar put in will reap rewards ! Sf for Land is 2376 sf Bldg in tax is 3635 sf.
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Features:
Off Alley, Off Street, On Site, Owned Deck, Porch Public Sewer
| Price: | $749,000 |
| Beds: | 7 |
| Baths: | 3 |
| Property Type: | Residential Income |
Listing provided courtesy of: Keller Williams ONEChicago. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by other brokerage firms are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. © 2025 by Midwest Real Estate Data LLC . All rights reserved. Listing last updated on 05/20/2025 05:06:49.
